17 Dec 2014
EUR/JPY finding a bounce in bears layer
FXStreet (Guatemala) - EUR/JPY is trading at 146.09, up 0.06% on the day, having posted a daily high at 146.45 and low at 145.44.
EUR/JPY has come off a touch from the highs on a positive open for the pair while bears stamped on the Yen on the Tokyo open with a positive open in the Nikkei. The cross has benefitted from the risk off play out of the Scandies and Ruble and relatively positive data in European trade for the EZ.
Technically, the cross is in negative territory below the 150 handle having penetrated the accelerated uptrend on the way down and recently and finally putting the December 2013 peak under pressure at 145.68 that gave way to 144.96 as recent low. This exposes the key 143.27 2 month support line as according to Karen Jones, chief analyst at Commerzbank.
EUR/JPY has come off a touch from the highs on a positive open for the pair while bears stamped on the Yen on the Tokyo open with a positive open in the Nikkei. The cross has benefitted from the risk off play out of the Scandies and Ruble and relatively positive data in European trade for the EZ.
Technically, the cross is in negative territory below the 150 handle having penetrated the accelerated uptrend on the way down and recently and finally putting the December 2013 peak under pressure at 145.68 that gave way to 144.96 as recent low. This exposes the key 143.27 2 month support line as according to Karen Jones, chief analyst at Commerzbank.